UPDATE 1-Fed balance sheet tops $5 trln for first time as it enters coronavirus war mode
25 Mar UPDATE 1-Fed balance sheet tops $5 trln for first time as it enters coronavirus war mode
Posted at 21:50h
in
News
by KMFSLLP
The U.S. Federal Reserve’s balance
sheet soared past $5 trillion in assets for the first time this
week as it scooped up bonds and extended loans to banks, mutual
funds and other central banks in its unprecedented effort to
backstop the economy in the face of the global coronavirus
pandemic.
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